The 2012 Health Savings Account (HSA) guidelines have changed from 2011.
High Deductible Health Plan (HSA Qualified)
In 2012, a “high deductible health plan” will still be defined as a health plan with an annual deductible at least $1,200 for self-only coverage or $2,400 for family coverage.
The annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,050 for self-only coverage or $12,100 for family coverage.
2012 Annual HSA Contribution Limits
$3,100 for an individual with self-only coverage
$6,250 for an individual with family coverage
For more information, please see IRS document Rev. Proc. 2011-32
Mufidah Kassalias Photo Credit: Flickr,